Bank of Nova Scotia Invests $2.60 Million in Wyndham Destinations (WYND)
Bank of Nova Scotia bought a new stake in shares of Wyndham Destinations (NASDAQ:WYND) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 58,700 shares of the company’s stock, valued at approximately $2,599,000.
Several other institutional investors have also made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new position in Wyndham Destinations in the second quarter worth $103,000. Alps Advisors Inc. bought a new position in Wyndham Destinations in the second quarter worth $287,000. CENTRAL TRUST Co bought a new position in Wyndham Destinations in the second quarter worth $110,000. Huntington National Bank bought a new position in Wyndham Destinations in the second quarter worth $128,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Wyndham Destinations in the second quarter worth $146,000.
Shares of NASDAQ:WYND opened at $43.22 on Wednesday. Wyndham Destinations has a 1-year low of $40.00 and a 1-year high of $57.67.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.64 annualized dividend and a dividend yield of 3.79%.
In other Wyndham Destinations news, insider Michael Dean Brown acquired 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The shares were bought at an average cost of $45.20 per share, with a total value of $271,200.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Herrera sold 747 shares of the stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $44.61, for a total value of $33,323.67. The disclosure for this sale can be found here.
WYND has been the subject of a number of research reports. Wolfe Research initiated coverage on Wyndham Destinations in a report on Friday, June 1st. They issued a “market perform” rating for the company. Oppenheimer reduced their price target on Wyndham Destinations from $135.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, June 4th. Stifel Nicolaus reduced their price target on Wyndham Destinations from $131.00 to $60.00 and set a “buy” rating for the company in a report on Monday, June 4th. Goldman Sachs Group began coverage on Wyndham Destinations in a report on Monday, June 4th. They set a “buy” rating for the company. Finally, JPMorgan Chase & Co. began coverage on Wyndham Destinations in a report on Wednesday, June 6th. They set a “neutral” rating and a $52.00 price target for the company. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $58.71.
Wyndham Destinations Company Profile
Wyndham Destinations, Inc engages in the provision of hospitality services and products. It operates through three business segments: Hotel Group, Destination Network, Vacation Ownership, and Corporate and Other. The Hotel Group segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments; and provides hotel management services for full-service and select limited-service hotels.
Featured Article: How is the S&P 500 index different from the DJIA?
Want to see what other hedge funds are holding WYND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wyndham Destinations (NASDAQ:WYND).
Receive News & Ratings for Wyndham Destinations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Destinations and related companies with MarketBeat.com's FREE daily email newsletter.